Privatization in Eritrea Archives

Eritrea offers Stake in State Telco, but not to Foreigners

January 6, 2013November 15, 2014TesfaNews11 Comments

By Reuters, Eritrea is selling a stake in its state-owned telecom operator (EriTel) as part of plans to boost private investment in the Red Sea state, but the company’s chief executive said the offer was only open to domestic buyers. Africa’s rapidly growing telecoms industry has become a symbol for the continent’s growth, with subscribers across […]

Eritrea to Re-Start Aggressive Privatization Program

December 27, 2012November 15, 2014TesfaNews41 Comments

By TesfaNews, Following its recent determination to introduce a far-fetched reform in the country’s financial policies, the Eritrean government further announced that it will soon undertake an aggressive privatization process for most of the government owned industrial enterprises. Minister of Trade and Industry, Mr. Estifanos Habte, disclosed that the privatization process would proceed on the basis of […]